Revision Order on LTCG Exemption Passed Against Buyer of Non-Existing Seller: Delhi HC Quashes Revision Order [Read Order]

Delhi High Court - Long Term Capital Gain - LTCG Exemption- LTCG - TAXSCAN

The Delhi High Court quashed the revision order and held that a revisionary order under Section 263 of the Income Tax Act, 1961 could not be passed against a non-existing seller entity. The Long Term Capital Gain (LTCG) exemption passed against the buyer of non existing seller. The appellant/revenue challenged the order dated 19.12.2022 passed…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here
taxscan-loader